Commentary

I7.408 Non-agricultural woodlands—planning

IHT, trusts and estates

I7.408 Non-agricultural woodlands—planning

I7.408 Non-agricultural woodlands—planning

Deciding whether to make an election or not can in certain circumstances be a very difficult choice.

An ideal case for election would be where, under the Will of A, a life interest in very valuable woodlands is given to B aged 80. There would be little chance of a disposal during B's (probably short) lifetime and the death of B would prevent any further IHT charge in connection with A's death.

At the other extreme, if C dies leaving newly planted woodlands with a low value to a beneficiary aged 25, and the IHT rate is low (or

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